Is Anderson County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Anderson County is a neutral's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Anderson County was a Seller's Market.

Key Takeaway

Anderson County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Anderson County, TN

How much do homes in Anderson County, TN cost?

Median Sold Price

$335,375

$191/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$29,923(+9.8%)

Key Takeaway

Homes in Anderson County have sold for 9.8% more than they did a year ago.

Summary: The median home sold price in Anderson County was $335,375 in November 2024, up 9.8% from last year, and the median price per square foot was $191.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $222K$165K
-25.7%
2 $200K$219.9K
+10.0%
3 $299.9K$318.2K
+6.1%
4 $394.9K$420K
+6.4%
5+ $549.9K$596.7K
+8.5%

Summary: Anderson County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 25.7%, 2 bedroom homes increased by 10%, 3 bedroom homes increased by 6.1%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes increased by 8.5%.

Median Sold Price Compared To Nearby Counties

Campbell County
+16.2%
Anderson County
+9.8%
Knox County
+6.6%
Scott County
+6.5%
Union County
+3.1%

Housing Supply in Anderson County, TN

How many homes are available in Anderson County, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
316268-15.2%

Summary: The Anderson County real estate market had 268 homes for sale in November 2024, a 15.2% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 77
0.0%
2 4038
-5.0%
3 172149
-13.4%
4 7048
-31.4%
5+ 2726
-3.7%

Summary: The Anderson County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5%, 3 bedroom homes decreased by 13.4%, 4 bedroom homes decreased by 31.4%, and 5+ bedroom homes decreased by 3.7%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
8843-51.1%

Asking Price vs. Sold Price

21 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Anderson County, you may be able to get a good deal. 48.8% of homes here sold below asking price last month.

Summary: A total of 43 homes were sold or pending in Anderson County in November 2024, down by 51.1% month-over-month. Of the 43 sold homes, 49% were sold under asking, 19% were sold at asking, and 33% were sold over asking.

Days on Market for Anderson County, TN

How long does it take to sell a home in Anderson County, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
18 Days47 Days+158.4%

Summary: Homes in Anderson County had an average of 47 days on market in Nov 2024, up by 158.4% compared to last year.

Breakdown of Home Sale Times

23 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Anderson County are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 43 homes were sold in Anderson County; 53% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Anderson County, TN

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